Thursday, December 01, 2016

Greater Bucktown, Wicker Park home sales 2016: Median price up $300,000 since 2012

We're looking in greater Bucktown / Wicker Park of West Town above - generally Armitage to Chicago Ave and 90/94 to Western Avenue.
We have clients looking for a "move-up" single family home in the Bucktown/ Wicker Park area where they currently own a condo. The target area west of 90/94 in West Town is in play including parts of Bucktown, Wicker Park, Noble Square, Ukrainian Village and East Village.

97 single family homes have sold in the map area above from January 1st to November 30th of 2016 in the shaded area shown. The median price is just over $1,000,000 for a sold house.  The highest priced sale this year is a modern new construction stunner at 1763 W Wilmot sold at $3,800,000 (cash). 
The lowest priced home sale is 1468 N Ashland for $300,000 (cash).  The odd one story residential property was bought by a development brokerage.

50 of the sold 97 homes closed for over $1,000,000.

In 2012, 104 single family homes closed with a median price of $700,000. Median price is up $300,000 from 2012 to 2016 in the West Town area shaded above.

Here's a flashback video to 2010 a couple years prior to the price explosion.  Lots of units were getting sold and purchased at bargain prices.  Condo unit sales in West Town began to rival those of high density Lake View. Enjoy!

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